by Admin_CentW | Mar 30, 2022 | Federal Budget, Newsletters
Introduction The 2022-23 Budget provides a “magic election pudding” of more spending but lower deficits. The additional spending relates mainly to this calendar year and given the strong economy is more motivated by politics than economics. “Fiscal repair”...
by Admin_CentW | Oct 6, 2020 | Federal Budget
Introduction The 2020-21 budget is a long way from the 2019-20 “back in black and back on track” budget. Last year, it was all about delivering the long-awaited budget surplus. This year it’s all about spurring recovery. So, the focus is on providing more...
by Admin_CentW | May 9, 2018 | Federal Budget
Scott Morrison’s third budget is headlined by $140 billion in tax cuts over the next decade, immediate tax relief of up to $1,060 a year for middle-income households and a fundamental reform of the tax system. Summary of Budget measures Note: These...
by Buzz Admin | May 10, 2017 | Federal Budget
Summary Last night the Federal Government handed down its Budget for the 2017–18 financial year. Tax measures Increase in Medicare levy from 2% to 2.5% from 1 July 2019 Owners of investment properties no longer be able to claim travel expenses to visit their...
by Admin_CentW | May 4, 2016 | Federal Budget
Summary Tax measures The income tax threshold at which the 37% tax applies will increase to $87,000 p.a. on 1 July 2016, from the current $80,000 p.a. The tax rate for small business companies will reduce to 27.5% for businesses with a turnover up to $10 million in...
by Admin_CentW | May 12, 2015 | Federal Budget
Key Highlights The goodies include: More generous child care payments; Lower taxes and increased deductions for small business; Increased infrastructure spending in northern Australia. New spending has been offset by various savings, including: A lowering in...
